FATCA regime now includes the concept of an Authorised Person
15 Apr 2020
|
The Cayman Islands FATCA regime now requires an Authorised Person to be appointed by a Cayman Reporting Financial Institution. Their role is to liaise with the Tax Information Authority when the Principal Point of Contact changes, in the same way as currently required under the CRS regulations.
Harneys has an experienced AEOI team that can assist with any queries and act as both the Principal Point of Contact and Authorised Person. Please reach out to your usual Harneys representative or visit www.harneys.com/Cayman
Authors
Related content
Regulatory Blog
Russia removes NSD from the custody chain for shares owned by investors in “unfriendly” jurisdictions
Regulatory Blog
Cayman Islands economic substance reporting: Key deadlines and updates
Regulatory Blog
Cayman Islands' press release on balancing beneficial ownership transparency and privacy protections